Announced Thu, 30 Jul · 19:16 IST
Tata Steel board approves Rs 33,873 crore capacity expansion at NINL
TATASTEEL · price
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AI summary
Tata Steel board approved a 4.8 MTPA steelmaking capacity expansion at wholly owned subsidiary NINL with an estimated capex of Rs 33,873 crore. Move aimed at growing long products portfolio in retail branded segment. NINL is being amalgamated into Tata Steel, awaiting NCLT approval. Q1FY27 standalone net profit stood at Rs 4,535.59 crore on revenue of Rs 36,896.55 crore.
Likely market impact
Large capex commitment near 33 percent of consolidated net worth, signals aggressive growth push but raises leverage and execution risks.